Ameriprise Financial Inc. Has $799.99 Million Holdings in Oracle Co. (NYSE:ORCL)

Ameriprise Financial Inc. boosted its position in shares of Oracle Co. (NYSE:ORCL) by 12.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,609,464 shares of the enterprise software provider’s stock after buying an additional 960,319 shares during the period. Ameriprise Financial Inc. owned approximately 0.32% of Oracle worth $799,987,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Clear Investment Research LLC acquired a new stake in Oracle in the fourth quarter valued at about $25,000. NewSquare Capital LLC boosted its stake in shares of Oracle by 843.3% in the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 253 shares in the last quarter. Steward Financial Group LLC bought a new stake in shares of Oracle during the 4th quarter valued at approximately $27,000. Quintet Private Bank Europe S.A. acquired a new position in Oracle during the 1st quarter worth approximately $30,000. Finally, Altshuler Shaham Ltd bought a new position in Oracle in the 1st quarter valued at approximately $32,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 3,680 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the sale, the executive vice president now owns 16,600 shares of the company’s stock, valued at $1,909,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Maria Smith sold 3,680 shares of Oracle stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $115.00, for a total transaction of $423,200.00. Following the completion of the sale, the executive vice president now directly owns 16,600 shares in the company, valued at approximately $1,909,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total value of $10,694,700.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at approximately $10,394,416.59. The disclosure for this sale can be found here. In the last three months, insiders sold 4,175,443 shares of company stock valued at $510,658,596. Corporate insiders own 43.70% of the company’s stock.

Oracle Stock Down 13.5 %

Shares of NYSE ORCL opened at $109.61 on Wednesday. The business’s 50 day moving average is $117.41 and its two-hundred day moving average is $105.85. Oracle Co. has a 52-week low of $60.78 and a 52-week high of $127.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 55.54. The firm has a market cap of $297.51 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 3.48 and a beta of 1.00.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a net margin of 17.02% and a negative return on equity of 470.73%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Research analysts predict that Oracle Co. will post 4.5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. Oracle’s payout ratio is currently 52.29%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent research reports. Guggenheim lifted their price target on shares of Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. BMO Capital Markets upped their price target on Oracle from $96.00 to $132.00 in a research report on Tuesday, June 13th. Jefferies Financial Group raised their price objective on Oracle from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Mizuho upped their target price on Oracle from $116.00 to $150.00 in a report on Tuesday, June 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Oracle from $120.00 to $135.00 in a report on Tuesday, June 13th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $122.10.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.